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Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
Dott is a micromobility startup that is better known for its colorful electric scooters that you can find across several European cities. During its early days, Dott positioned itself as a capital-efficient, sustainable e-scooter company. Belgium-based investment company Sofina is leading the investment.
The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. “That’s the only way to run both a sustainable business as well as a responsible service in a city in the long run.” The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K.
It’s a tall order, and Zoomo’s strategy could be leading a new trend in micromobility of being a one-stop shop that promises quick scalability. It also launched a new subsidiary to finance the vehicles, along with its software, to shared micromobility providers.
Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and piloted by Postmates X, has raised seed funding in a round led by venture capital firm Neo. The company is launching with 60 employees with headquarters in San Francisco and offices in Los Angeles and Vancouver, Canada. Image Credits: Serve Robotics.
Rather than raising venture capital and scaling quickly, the company does business the old-fashioned way: Proving the model works in one market before moving to the next. The First Profitable Micromobility Company Was Veo, Not Lime,” you fired some shots at Lime and the tech bro-ey micromobility industry at large. Thank you!
MAX started out in 2015 as a delivery startup using motorcycles to fulfil customer orders before venturing into ride-hailing, and later into vehicle subscription and financing services – solutions it came up with based on the data from its first services.
Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. This results in operational cost reduction by eliminating the need to replace their existing fleet and yields a safer, more efficient and sustainable transportation system,” CEO Raghavender Sahdev tells TechCrunch. The Hurd Co. The Hurd Co.’s
“Once you’ve already raised a bunch of ventures, you’re kind of building a business for venture scale, whereas if you are bootstrapped … you can be really really opportunistic about what that right time is,” he told Natasha Mascarenhas. Will once-bootstrapped startups turn to venture during a watershed moment?
Several micromobility companies once operated in my city, but consolidation has reduced that to a small handful. This in-depth industry analysis shows how increased regulation on the local level and changing consumer habits are pushing micromobility providers to adapt and innovate. Image Credits: TechCrunch/Bryce Durbin.
million in Series B funding, co-anchored by global venture firms GSR Ventures and Square Peg. Increasingly, cities are choosing to limit the number of micromobility operators by awarding long-term contracts to the best operators which prioritize managing e-scooters and e-bikes in a sustainable and responsible way.
It’s hard to pin down where Shein is from,” answered Richard Xu from Grand View Capital, a Chinese venture capital firm. Image Credits: MaC Venture Capital / Wonderschool. MaC Venture Capital founding managing partner Marlon Nichols and Wonderschool CEO Chris Bennett joined Extra Crunch Live to tear down the company’s early deck.
billion valuation, reflecting its sustained growth. MasterClass , the platform that sells subscriptions to celebrity-led classes, cut 20% of its team — roughly 120 people — to “get to self-sustainability faster.” Micromobility ain’t looking so hot these days, either, unfortunately.
Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. Veo, which was founded in 2017, has sought venture funding a bit later in the game than other micromobility companies.
When you think about shared micromobility, Veo isn’t exactly the first company that comes to mind. It’s not as widespread as competitors like Voi, Tier and Lime, and it hasn’t raised nearly as much in venture capital. That is, if CEO and co-founder Candice Xie is to be believed. In June 2021, Veo was in 22 markets.
Shared micromobility, in particular, offers an opportunity for more equitable and accessible mobility within cities, but only if done intentionally. What micromobility is missing. Micromobility’s potential to alleviate transit deserts. Mobility should be a right, but too often it’s a privilege. Timestamp: 19:10).
We realized it was incredibly difficult to maintain this sustainability ethos,” Baker said. . Corporate sustainability initiatives may open doors for carbon offset startups. “We live this problem ourselves. But something is better than nothing, and offsets do help necessary projects get funding.
” Via has also been able to show investors that it’s got a sustainable business. Pitango, Janus Henderson, CF Private Equity, Planven Entrepreneur Ventures, Riverpark Ventures and ION Crossover Partners. “Potentially we’d be interested in control access, also. .
Investors Clara Brenner, Quin Garcia and Rachel Holt on SPACs, micromobility and how COVID-19 shaped VC. They’re paying close attention to what startups and tech companies are doing to develop and commercialize autonomous vehicle technology, electrification, micromobility, robotics and so much more. Image Credits: TechCrunch.
Success breeds IPO : Shared vehicle company Lime reported its first profitable year, with Rebecca writing that “Lime has figured out how to make shared micromobility a sustainable business.” Manish writes that this investment marks the largest check Amazon’s Smbhav Venture Fund has written thus far. Aria has more.
It’s the shared micromobility operator that has gained a rep for growing at a steady, sustainable pace, rather than moving fast and breaking things? NABSA ’s fourth annual state of shared micromobility report shows that ridership in North America has returned to pre-pandemic levels. Micromobbin’ You remember Veo , right?
The Nordic countries make up just 4% of Europe’s total population, but they account for a significant amount of venture capital investment. Espen Malmo , founding partner, Skyfall Ventures. Magne Uppman , managing partner, SNÖ Ventures. In Norway, sustainability-focused companies.
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